Life Science
Seattle Life Sciences Vacancy Spikes to 19% as Alexandria Converts Lab Site to Apartments and Astellas Exits Stem Cell Operation
Seattle’s life sciences vacancy rate surged 540 basis points year over year to 19 percent in the second quarter as new lab space...
BioLife Solutions Converts Former Bothell Church Into 5,000 SQFT Cryobiology Lab, Pushing Footprint to 64,000 SQFT
A onetime evangelical sanctuary on Monte Villa Parkway has been gutted and rebuilt into one of the few dedicated cryobiology research labs in...
BSI Brief Warns Puget Sound’s Tightening EHS and Climate Rules Are Redrawing the Cost of Operating Across Four Key Sectors
A new BSI executive brief argues that the greater Seattle region’s overlapping environmental, workforce and climate regulations have raised the operational bar for...
National Lab Market Turns the Corner, But Seattle Risks Being Left Behind in Uneven Recovery
The U.S. life sciences real estate market has finally bottomed out after four years of turbulence, according to JLL’s new national lab report,...
A Shot in the (Life Science) Arm for Puget Sound
Eli Lilly’s $1.5 billion cash deal for Bothell-based Curevo Vaccine is the kind of validating, capital-attracting exit Puget Sound’s life sciences cluster has...
Alexandria’s 701 Dexter Crosses Toward Stabilization As Seattle Lab Demand Reawakens
Lake Union flagship anchors Alexandria’s bet on the region’s institutional research base while peripheral inventory languishes. Seattle’s life science real estate market is...
Blackstone’s $315B Real Estate Machine Pivots Hard to Data Centers as Traditional Portfolio Treads Water
The world’s largest alternative asset manager is betting its real estate franchise on AI infrastructure while waiting for logistics and multifamily to rebound...
Swedish Health Services Taps CBRE to Market Trapezoidal Development Site in Seattle’s First Hill
The sale of 1401 Madison St. reflects a broader repositioning by major hospital systems as medical outpatient real estate commands record pricing nationwide....
U.S. Life Sciences Vacancy Tops 70% of New Deliveries as 60MM SQFT Pipeline Reshapes Market
Savills says supply surge from pandemic-era development boom is outpacing demand, leaving major lab projects unleased across key hubs A development cycle that...
Family-Owned 21,600 SQFT Denny Triangle Development Site in Seattle Trades for $32.4MM in Equity Deal
The half-acre parcel in Seattle carries a master use permit for an 11-story, 305,000-square-foot life-science and office project designed by Perkins+Will for Trammell...
North American Life Sciences Sector Grapples With Supply Glut as 55% of Recent Lab Deliveries Sit Vacant
A pandemic-era construction wave has collided with cooling demand, leaving nearly 60 million square feet of new lab space struggling to find tenants...
Seattle Life Science Vacancy Climbs to 22.8% as More Than 500,000 SQFT of New Product Delivers
Two major projects enter Greater Seattle’s lab market in 2025 with moderate preleasing as NIH and venture capital funding both decline year over...
